Shares of Arrow Financial fell in pre-market trading after the regional bank reported second-quarter earnings and revenue that both failed to meet analyst expectations, with the miss amplified by a broad market downturn.
Barclays maintained its Neutral stance on the European insurance sector, citing resilient earnings, but highlighted Overweight-rated Ageas and AXA as key opportunities ahead of upcoming results.
Shares of the railroad operator gained after it reported second-quarter results that topped analyst estimates, raised its full-year guidance, and announced key network agreements with Canadian National Railway.
Shares of the New Jersey-based regional bank declined after its second-quarter adjusted earnings per share came in one cent below Wall Street expectations, overshadowing a slight revenue beat and a challenging market backdrop.
Shares of Albertsons Companies (NYSE: ACI) plunged after the grocer missed first-quarter earnings estimates, drastically cut its full-year profit and sales guidance, and announced the retirement of its CFO.
President Trump's nominee to lead the Consumer Financial Protection Bureau, Capital One executive Brian Johnson, is set for his Senate confirmation hearing. The nomination follows the administration's previous attempts to dismantle the consumer watchdog agency.
Crude oil has surged past $91 per barrel following Iran's declaration of a closure of the Strait of Hormuz, placing intense pressure on fuel-dependent sectors. Airlines, cruise lines, and logistics companies are identified as the most vulnerable to the sharp rise in energy costs.
The investment firm added chipmaker Broadcom to gain exposure to AI infrastructure spending, while removing power management company Eaton, citing a high valuation and recent performance issues.
Nasdaq Inc. (NDAQ) shares climbed in pre-market trading after the company reported second-quarter revenue and earnings that significantly surpassed analyst expectations, driven by double-digit growth across its key business segments. The stock's advance comes in stark contrast to a wider market sell-off.
